Deutsche said to lose 26 junior bankers

Deutsche Bank lost about 26 junior bankers in Hong Kong over the past four months, the biggest number of such departures from the firm in Asia in at least five years, two people with knowledge of the matter said.

The departures came as Deutsche Bank added nine managing directors over the past 12 months in Asia, said Michael West, a Hong Kong-based spokesman.

'The total number of bankers in our Asia-Pacific business will not vary significantly if at all year on year', said West, declining to comment on the number of staff who left. The 'turnover in banking was well within the single-digit percentage range'.

About four junior bankers were also dismissed, taking those who left, including associates and analysts, to 30, one of the people said.

Ian Bolland

A journalism graduate of Liverpool John Moores University. During his time at university, Ian spent time on work experience at local newspapers in Liverpool, Bolton and Wigan, and prior to that he did work for The Observer's 'fans verdict'. Ian also has interests in news, current affairs and business but mostly sport, including football, rugby league, cricket, golf and Formula 1, amongst others.